XRP Poised for Long-Term Growth After RLUSD Stablecoin Launch

Ripple’s recent approval from the New York Department of Financial Services for its stablecoin, RLUSD, has sparked a sligt increase in XRP’s price,

Despite this, crypto analyst Vincent Van Code believes the real growth for XRP is still ahead. He points out that while the current rally is exciting, it lacks fundamental support and anticipates a significant boost once the ecosystem evolves further.

XRP’s price has fluctuated dramatically this month. After starting at $1.95, it spiked to $2.72 but later dropped almost 18%, following a market correction. However, recent trends show a recovery, with XRP climbing by more than 16% earlier this month, despite setbacks. As of now, XRP has gained about 10% since mid-December.

Van Code emphasizes that the full potential of XRP will unfold once key features like Automated Market Makers (AMMs) and Liquidity Pools (LPs) are implemented. These features could allow users to earn returns without risk, making XRP more attractive and driving greater liquidity into the ecosystem.

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With the introduction of RLUSD, exchanges may offer staking opportunities, creating more demand for XRP. Additionally, users will be able to swap USDT for RLUSD, which can be used to purchase XRP and LP tokens, further increasing the utility of XRP. This rising demand could reduce the supply of XRP on exchanges, potentially pushing its price higher.

Looking ahead, Van Code predicts that XRP’s market could see continued growth well into 2025, fueled by these developments. Ultimately, RLUSD could significantly enhance XRP’s value and solidify its role in the broader crypto market.

Alexander Stefanov